) subsidiary Saks Fifth Avenue will enjoy their shopping even
more in the newly renovated store 'The Fifth Man' from Jan 2014.
The new store exclusively for men is under Saks' Chicago flagship
and is located in Michigan Avenue.
Saks in collaboration with award-winning luxury retail
designers Jeffery Hutchison & Associates, has renovated the
sixth and seventh floors and have given a total new look creating
to the store with an open and warm environment for its shoppers.
The décor includes oak planking floor covers from the Netherlands
accompanied by classic and contemporary furniture to make
The sixth floor of the store has a classic look and gives the
shoppers a clubby environment and has luxury brands such as
Kiton, Isaia, Brioni, Ermenegildo Zegna, Brunello Cucinelli and
Salvatore Ferragamo. It will also include a customized area for
made-to-measure suiting. The floor will also feature an expansive
new shoe shop for men that will link the two floors. The shop
will feature more than 500 unique styles of shoes for the
shoppers to choose.
The seventh floor will feature designer sportswear and
revamped denim offering. Saks will also debut its new restaurant
and bar in the store, called Sophie's, overlooking scenic views
of the Magnificent Mile.
The new store is expected to boost sales in the coming quarter
as it will attract classy customers from both young and older
generations. This will be beneficial for Saks which has witnessed
declining same store sales due to tough retail conditions for the
last few months. Currently Saks carries a Zacks Rank #4
Several luxury departmental chains like
) are revamping and doubling the square footage of their stores
to cater to modern shoppers. Moreover, the luxury retail sector
has escaped the economic slowdown as the macroeconomic headwinds
had little effect on the rich.
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